Key Market Indicators
Italy's exports of iron ore totaled around $99 million in 2021, down 15.2% from the previous year. Since 1999, Italian supply has risen 16.8% annually. The country ranked 54th in global exports, with South Korea in the lead at $99 million. Brazil, Canada, and South Africa came in second, third, and fourth place respectively. Italian iron ore imports are projected to reach $376 million by 2026, down 6.5% from 2021's figure of $556 million. Since 1999, Italian demand has increased by an average of 1.6% each year. In 2021, the country ranked 23rd in global imports, with Oman in the lead at $556 million. Japan, South Korea, and Germany took second, third, and fourth place respectively.
